Thread: penny auctions
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Old 07-30-2013, 01:28 AM
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Salty Salty is offline
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My sis-n-law got a 5000 bid pack for $15. From the lil bit I've watched...I don't see how that's possible considering they had 2 of those packs going a day or so ago and both were over $150. She sent the info to my wife cause I didn't believe it. It wasn't bs.

The bids are automatic (I'm pretty sure). I guess you post how many bids you wanna do and it automatically bids for you. Every time a bid is placed, the clock goes back to :10 and so on and so forth. I saw an auction for a $2000 Amazon gift card that went on for at least 4 days like that. No telling how many bids the winning bidder placed. The selling price was $170. After a certain period of time or a certain # of bids...no more "new" bidders can bid. If you are not the winning bidder...you forfeit all the bids you placed during that auction. You can recover them by doing a "buy it now" for (what is essentially) the retail price for the item you were bidding on. For instance....the Amazon card $2000 and the 5000 bid pack....$3000. I imagine it could get expensive starting out because you gotta have bids to play with. Once you get a stockpile of bids...things would lighten up. You can easily roll out a ton of bids on some of those items, tho. I've never played...just been watchin it. I don't think it's a gimmick or a scam but, if you lost your azz....you might certainly think so.
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